Debt and Death

Home Forums Need Advice Debt and Death

This topic contains 6 replies, has 3 voices, and was last updated by Stacy Johnson Stacy Johnson 1 year, 1 month ago.

Viewing 7 posts - 1 through 7 (of 7 total)
  • Author
    Posts
  • #139724
    Harley-Winston
    Participant

    Dear Stacey,

    I’m a single woman with no kids who is actively and aggressively trying to pay off my debt. I have a few health issues and worry sometimes about leaving this life without being debt free. My credit cards (from my stupid twenties) are paid off and I’m now working on paying off my car loan, student loans, and my mortgage.

    What happens if I pass away with debt? My father is still living as well as my three siblings. Do they get stuck with my debt? I have a life insurance policy; it’s not very big. Does that go towards paying my funeral expenses or my debt?

    Thanks in advance,

    Zepher

    #139736
    Stacy JohnsonStacy Johnson
    Moderator

    Hi Zepher,
    I’m going to answer this question in next week’s Ask Stacy column. That will be on Tuesday the 11th. Can you wait that long? 🙂

    #139737
    Harley-Winston
    Participant

    Of course. Thank you so much!

    #140670
    Harley-Winston
    Participant

    Thank you Stacy! All of my questions were answered and I really appreciate your time!!!

    And I appreciate MoneyTalkNews. Been reading for at least 3 years!

    #140688
    Stacy JohnsonStacy Johnson
    Moderator

    You’re most welcome! I appreciate you asking the question: I’m sure others were also interested.

    #147185
    TinkerbellaTinkerbella
    Participant

    I’d like to read the Ask Stacy item for this question, but cannot find a filter to locate the column by date.

    Is there a link?

    #147186
    Stacy JohnsonStacy Johnson
    Moderator
Viewing 7 posts - 1 through 7 (of 7 total)

The forum ‘Need Advice’ is closed to new topics and replies.